Archive | Auto Industry News

CNA National Named Top Provider for 14th Year in a Row

SCOTTSDALE, Ariz. – CNA National (CNAN) has been named a leading provider for the 14th consecutive year. In the 2018 Dealers’ Choice Awards, the company earned a first-place Diamond award for “Service Contract Provider” and a second-place Platinum award for “Reinsurance Provider.” Dealers have voted the company number one every year since the competition began in 2005. To date, CNAN has received a total of 24 accolades making it the most-awarded F&I company. “It is an incredible honor to be acknowledged by our dealers for 14 years in a row,” says Joe Becker, president and ... Read More » Tags: , , , ,

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FTC, 12 Partner Agencies Conduct Used Car Rule Compliance Sweep

WASHINGTON, D.C. — The Federal Trade Commission, working jointly with 12 partner agencies in seven states, conducted the first compliance sweep of car dealerships since its amended Used Car Rule took effect earlier this year, the regulator announced today. The sweep was conducted in 20 cities nationwide between April and June 2018. According to the FTC, inspectors found Buyers Guides on 70% of the more than 2,300 vehicles inspected, with almost half of those displaying the revised Buyers Guide. Of the 94 dealerships inspected, 33 had the revised Buyers Guide on more than half of ... Read More » Tags: , ,

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ChannelNet Enhances SaaS Platform

DEARBORN, Mich. — Digital engagement provider ChannelNet has enhanced its software-as-a-service (SaaS) platform with advanced personalization features that help companies streamline business-to-business (B2B) marketing, sales and customer service functions in a secure, real-time online portal, the company announced. ChannelNet’s highly scalable, patented SiteBuilder software platform now offers an advanced integrated portal that enables companies to operate more efficiently and cost effectively. Extensive customization options enable multiple business divisions to communicate seamlessly internally as well as externally with vendors, customers, and other third parties, while maintaining brand identity and security. The open architecture platform integrates easily with a company’s ... Read More »

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FCA Launches Dealer Market Investment Program

AUBURN HILLS, Mich. — Fiat Chrysler Automobiles has introduced a new program aimed at identifying, developing, and placing dealer candidates as it works to strengthen and enhance its U.S. dealership network. The Dealer Market Investment Program will cultivate and provide financial support to proven, high-potential individuals who want to operate a Chrysler-Dodge-Jeep-Ram or Alfa Romeo-Maserati dealership but have limited funds. The program seeks to match potential dealers with specific markets where they can succeed, said Reid Bigland, the factory’s head of U.S. sales. “This program places the support of FCA behind high-potential dealer candidates and tells them we have ... Read More »

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GWC Introduces Major Account Management Team

WILKES-BARRE, Pa. — Vehicle service contracts provider GWC Warranty, the best-in-class provider of used vehicle service contracts sold through automotive dealers, has announced the inception of a newly created Major Account Management Team. This new team of five highly skilled and experienced account managers will be led by Area Vice President Cynthia Bodden and will service GWC Warranty’s largest dealership partners. GWC Warranty’s highest-volume dealers will receive an even greater level of individualized service focused on delivering value that helps these dealers sell more cars and be more profitable. “At GWC Warranty, we have spent ... Read More » Tags:

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F&I Dealer of the Year Nominations Now Being Accepted

TORRANCE, Calif. — F&I and Showroom is now accepting nominations for its 2018 F&I Dealer of the Year and F&I Pacesetters contest, which is being sponsored by American Financial & Automotive Services Inc. for the second year in a row. The nomination period ends Aug. 15, 2018. Now in its 17th year, the F&I Dealer of the Year and F&I Pacesetters program recognizes operations with highly profitable F&I departments that demonstrate a commitment to regulatory compliance and customer satisfaction. Dealership employees, general agents, vendors, and F&I product providers are encouraged to nominate their stores and dealer clients for the award. “This is my favorite time ... Read More » Tags: , ,

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